Samsung to invest USD 14.7B in South Korean Chip Production Plant

With an aim to boost its competitiveness in the semiconductor industry, Samsung Electronics is planning to invest USD 14.7 billion to construct a chip production plant in South Korea. The plant is expected to make either logic or memory chips and it will be completed by the second half of 2017.

ET reports, the chip division could deliver stronger operating profit than the handsets division in the third quarter for the first time in more than three years. By keeping supply tight, Samsung can expects to manage their chip production capacity carefully.

Apart from this, the company has officially announced the Galaxy Note 4 and the new version of the Note, the Note Edge at the ongoing IFA consumer electronics show in Berlin. Also, it has launched Smart Learning Digital Education Store at a press event in New Delhi.

In August, Samsung had acquired US air conditioner firm, Quietside and SmartThings to strengthen its ‘smart home’ business.